Franco Nevada (FNV) Price Target Increased to C$125.00 by Analysts at Canaccord Genuity

Franco Nevada (TSE:FNV) (NYSE:FNV) had its price target boosted by equities researchers at Canaccord Genuity from C$121.00 to C$125.00 in a research note issued on Friday. Canaccord Genuity’s price objective would suggest a potential upside of 28.02% from the stock’s previous close.

A number of other research analysts also recently commented on the stock. Desjardins reaffirmed a “sell” rating on shares of Franco Nevada in a report on Monday, December 11th. TD Securities lowered their price target on shares of Franco Nevada to C$124.00 and set a “buy” rating for the company in a report on Friday, December 1st. Eight Capital reissued a “neutral” rating on shares of Franco Nevada in a research note on Thursday, November 16th. Royal Bank of Canada raised their price objective on shares of Franco Nevada from C$100.00 to C$116.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 14th. Finally, Scotiabank raised their price objective on shares of Franco Nevada to C$108.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of C$115.79.

Shares of Franco Nevada (TSE FNV) traded down C$0.50 during trading hours on Friday, hitting C$97.64. 317,127 shares of the company were exchanged, compared to its average volume of 415,215. Franco Nevada has a 1 year low of C$81.01 and a 1 year high of C$110.18. The company has a market cap of $18,150.00, a P/E ratio of 98.63 and a beta of -0.52.

Franco Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings results on Monday, November 6th. The company reported C$0.37 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.33 by C$0.04. Franco Nevada had a net margin of 34.99% and a return on equity of 5.21%.

In other news, Director David Harquail sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of C$99.33, for a total transaction of C$496,650.00. Also, insider Lloyd Hyunsoo Hong sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of C$96.81, for a total transaction of C$387,240.00. In the last three months, insiders sold 29,000 shares of company stock valued at $2,843,090.

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Franco Nevada Company Profile

Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company has interests in silver, platinum group metals, oil and gas and other resource assets. The Company is engaged in resource sector royalty/stream acquisitions and management activities. It has a portfolio of properties in the United States, Canada, Mexico, Peru, Chile and Africa.

Analyst Recommendations for Franco Nevada (TSE:FNV)

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